Monthly Archives: November 2012

Nov. 16, 2012

Contemporary Art Sales Break Auction Records

Jackson Pollock Painting World Record Auction Price

Jackson Pollock’s Number 4, 1951, sold at Sotheby’s this week for $40.4 million, a record for the artist

The market for contemporary art is on a hot streak, as evidenced by back-to-back record smashing auctions this week at Sotheby’s and Christie’s in New York.

Sotheby’s Contemporary Art Evening Sale on November 13th reached the highest total of any auction category in Sotheby’s long history, raking in over $375 million (beating the firm’s previous record of $362 million set at Sotheby’s Contemporary Art Evening Sale in May 2008). World record auction prices were attained for five artists: Hans Hofmann, Arshile Gorky, Robert Motherwell, Wade Guyton and Jackson Pollock, with Pollock’s “Number 4, 1951,” selling for $40.4 million. A seminal large-scale 1954 painting by Mark Rothko was the top lot in the auction at $75.1 million.

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Nov. 15, 2012

SHEN CHEN (Chinese, 1955)

SHEN CHEN (Chinese, 1955)
Untitled, 2008
Acrylic on canvas
68 x 48 inches

Shen Chen, a Chinese born artist based in New York, blends multiple cultural elements, layering concepts of time and space with Zen philosophy, meditation, and repetition.

Contact Perkey Fine Art Advisor for more information.